- The world class uranium deposits has been discovered at Paldin Energy's Langer Heinrich mine in Namibia.
The Australian uranium miner, which is also developing the Kayelekera Uranium project Malawi's northern district of Karonga, said its mining license has the largest calcrete hosted uranium deposit in the world.
Paldin Energy said that drilling results confirmed the uranium deposit as being world class.
The mining company said the overall grade at Langer Heinrich remains at 0.006% uranium oxide.
"A substantial portion of the resources are in the measured and indicated resources categories, representing 44% of the overall resources identified for Langer Heinrich and confirms the very robust nature of the deposit," announced Paladin.
The mining firm's managind director John Borshoff said there was strong expectation that these new resource estimate would significantly extend both mine-life and subsequent upgrade in production
“The Langer Heinrich deposit can now be regarded as a truly world class uranium resource,” Borshoff said.
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